New Overnight Developments Abroad - Daily Update
Divergent Central Bank Signals
May 8, 2024
Three European central banks have now cut interest rates this month: the Czech National Bank by 50 basis points last Friday, the National Bank of Moldova by 15 bps yesterday and, most tellingly, the Swedish Riksbank today by 25 basis points to 3.75%. These announcements are a harbinger of coming reductions elsewhere in the region. […] More
